Tata Motors Limited, formerly known as TELCO (TATA Engineering and Locomotive Company), is a multinational corporation headquartered in Mumbai, India.
It is India's largest passenger automobile and commercial vehicle manufacturing company and a midsized player on the world market with 0,81% market share in 2007 according to OICA data.
Part of the Tata Group, and one of the world\'s largest manufacturers of commercial vehicles. The OICA ranked it as the world\'s 20th largest automaker, based on figures for 2006.Tata Motors was established in 1945, when the company began manufacturing locomotives.
The company manufactured its first commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969.Tata Motors was listed on the NYSE in 2004, and in 2005 it was ranked among the top 10 corporations in India with an annual revenue exceeding INR 320 billion.
In 2004, it bought Daewoo\'s truck manufacturing unit, now known as Tata Daewoo Commercial Vehicle, in South Korea. It also, acquired a 21% stake in Hispano Carrocera SA, giving it controlling rights in the company.
Tata Motors launched the Tata Nano, noted for its Rs 100,000 price-tag, in January 2008. In March 2008, it finalised a deal with Ford Motor Company to acquire their British Jaguar Land Rover (JLR) business, which also includes the Rover, Daimler and Lanchester brand names.
The purchase was completed on 2 June 2008[6] Tata Motors has its manufacturing base in Jamshedpur, Pantnagar, Lucknow, Ahmedabad and Pune. < Read lessRead more >